Business
Business
McDonald’s Exits Sri Lanka, Closes 12 Outlets Amid Franchise Dispute
McDonald's ended its franchise agreement with its Sri Lankan partner, closing all 12 local outlets. The company's legal spokesperson, Sanath…
Government Launches Tajir Dost Scheme for Retailers Registration
The government has initiated the registration of the Tajir Dost Scheme in six key cities, including four provincial capitals, Rawalpindi…
IMF Recommends New Tax Measures on Tobacco and Petroleum in Pakistan
The IMF advises uniform Federal Excise Duty cigarette rates, regardless of origin, and recommends a Petroleum Development Levy for environmentally…
Germany Eases Visa Rules for International Students and Skilled Workers
Germany has amended its visa regulations to better accommodate international students, allowing them to work while studying, effective March 1,…
Federal Reserve Keeps Interest Rates Steady Amid Signs of Easing Inflation
The US Federal Reserve has opted to keep its interest rate unchanged, signalling optimism that inflationary pressures may be easing.…
FBR Proposes Taxation Scheme for 3.5 Million Pakistani Traders
The Federal Bureau of Revenue (FBR) in Pakistan has unveiled a proposal to tax an estimated 3.5 million traders nationwide.…
Auto Companies Cut Prices Amid Economic Pressures in Pakistan
Auto industry experts attribute recent price reductions by car manufacturers to several factors, including diminished purchasing power, high taxes, rampant…
PSX Surges 600 Points Amid Military Action and Stable Monetary Policy
The Pakistan Stock Exchange (PSX) gained over 600 points. This was after military strikes, and the SBP kept rates steady.…
Unilever to Spin Off Ice Cream Business and Cut 7,500 Jobs in Major Restructuring
Unilever announced a decision on Tuesday to divest its ice cream division, known for brands like Magnum and Ben &…